Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/22015

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DC Field

Value

Language

dc.contributor.author

Birnbaum, Michael H.

en_US

dc.contributor.author

Schmidt, Ulrich

en_US

dc.date.accessioned

2009-01-29T14:13:28Z

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dc.date.available

2009-01-29T14:13:28Z

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dc.date.issued

2006

en_US

dc.identifier.uri

http://hdl.handle.net/10419/22015

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dc.description.abstract

Recently proposed models of risky choice imply systematic violations of transitivity of preference. Five studies explored whether people show patterns of intransitivity predicted by four descriptive models. To distinguish ?true? violations from those produced by ?error,? a model was fit in which each choice can have a different error rate and each person can have a different pattern of true preferences that need not be transitive. Error rate for a choice is estimated from preference reversals between repeated presentations of the same choice. Results of five studies showed that very few people repeated intransitive patterns. We can retain the hypothesis that transitivity best describes the data of the vast majority of participants.